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Market Snapshot

Median listing price
$615K

The median listing price in Houston, TX ZIP 77055 is $614,500 as of June 2026.

Median rent
$1,950/mo

The median market rent in Houston, TX ZIP 77055 is $1,950/month as of June 2026.

Days on market
120 days

The median days on market in Houston, TX ZIP 77055 is 120 days as of June 2026. The market is currently neutral.

Gross rental yield
3.81%

At a median list price of $614,500 and a median rent of $1,950/month, the gross rental yield in Houston, TX ZIP 77055 is 3.81% as of June 2026.

STR vs LTR
$1,244/mo STR · $1,950/mo LTR

In Houston, TX ZIP 77055, median Airbnb revenue is $1,244/month compared to median long-term rent of $1,950/month as of June 2026.

Houston, TX 77055 Real Estate Market Report

ZIP Code: 77055

Report Date: June 2026

Market Temperature:
NEUTRAL

Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.


Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Analysis Window
12 Months
Total Properties Analyzed
112
Active Listings
111
Sold Properties
1

Market Metrics

Median Listing Price
$614,500
Median Sold Price
$517,603
Median Price per Sqft
$267/sqft

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.


Rental Market

Median Market Rent
$1,950

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.


Property Taxes

Property Tax Rate
0.65%

Liquidity & Velocity

Median Days on Market
120

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for properties in Houston TX 77055 are approximately 6.4% compared to the 6.0% average seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. Median sold price is the primary indicator of recent market value and transaction activity; however, the median sold price is unavailable in the provided metrics, likely due to an insufficient transaction sample in the analyzed dataset which limits direct transaction-based valuation insights.
  2. Median listing price is $614,500 with a median price per square foot of $267 and a median days on market of 120, which together indicate a relatively high price tier but slower sales velocity; sellers should expect longer marketing periods and price positioning to materially affect time-to-contract. neutral
  3. The analyzed sample shows elevated inventory relative to sales activity alongside a neutral market temperature and moderate interest rate pressure; median market rent is $1,950 and rent year-over-year trend is down, which suggests lease pricing has softened even as sales stabilize.
  4. Price year-over-year trend is up, while current financing conditions are a headwind—current 30-year fixed mortgage rates for properties in Houston TX 77055 are approximately 6.4% compared to 6.0% earlier in 2026—so buyers and sellers should calibrate expectations to a market that is appreciating but experiencing modest rate-driven friction.

Notable Properties

The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Recent Transactions

1338 Oak Tree Dr, Houston, TX 77055
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds2 baths1,744 sqft
$65,000
Oct 1, 2025
$37/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$1,108/mo
77055 Avg Rent
77055 Cost to Own
Rent$1,950
Own$3,058

20% down, 6.53% rate, 0.7% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

77055 Avg nightly rate
77055 Avg occupancy (days/year)
Nightly rate$167/night
Occupancy112 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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